Investing In Rental Properties

Investing in Rental Properties

For many years the act of investing in rental properties has been making people rich. Real estate investment is a booming business and owning rental properties is the safest way of increasing your equity and wealth. However, it can be a daunting task to be a landlord so you should ask yourself if you have what it takes. Will you be able to remove tenants that are truant in their payments or are misusing the home? It can be a hard thing to do, but it is necessary.

Now the question arises of finding a good home to invest in. The best way to go about this is by starting with some research. The first thing you should think about is what kind of renters you are looking for. This will be dependant on the area you choose to buy in, and the price that you can expect in rent. Finding a home with many bedrooms and washrooms will be perfect because it will be attractive to renters. Also if you are looking for long-term renters, proximity to schools and amenities is a must.

Once you have found a good rental property, spend a bit of time and money on it. Put some new paint on the walls and upgrade the floors. If there is carpet on the floors it might be a good idea to change it to a laminate floor as it is easier to keep clean and harder to damage permanently. Laminate will also hold up to high traffic better than a carpet floor. If the appliances are outdated, replace them with newer models, this will make your home easier to market to the rental community. try to create an environment that you yourself would feel comfortable living in, your renters will appreciate it.

About the Author

M Shane is a member of the REW Writers Team. A collective publication network facilitated by Real Estate Webmasters. Each article is contributed by a member of our real estate community. This particular article was submitted on behalf of RentalProperties.ca, your one stop resource for Canadian rental properties.

Investing in Rental Properties

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The Complete Guide to Investing in Rental Properties $14.52 No Synopsis Available

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1 Minute to Rental Property Riches $71.2 This is the book that Finally tells The Truth, The Whole Truth, and Nothing But the Truth about successfully investing in rental properties. The Truth is much different than the hype often presented by the real estate gurus. Nothing in this book is sugar coated and there isnt any hype. Starting any business is difficult. The vast majority of people who try will fail If you are to have a good chance of succeeding, you need to have the facts NOT A BUNCH OF MOTIVATIONAL NONSENSE All the motivation in the world wont keep you in business if you dont have the cash flow This book contains straight talk about finding rental properties at a huge discount; buying with no money down; how to calculate real world cash flow; nightmare tenants; evictions; the amount of work that is REALLY required; tenant screening; dealing with bad tenants; the reasons newbies fail; and much more Author: Rossi, Michael Binding Type: Paperback Number of Pages: 160 Publication Date: 2007/02/01 Language: English Dimensions: 11.00 x 8.25 x 0.34 inches

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The Complete Guide to Investing in Undervalued Properties $3.95 Everything the savvy investor needs to turn huge profits at very low risk in undervalued properties Steve Berges’s "Complete Guides" are among the most recognized brands in real estate investment–always one of the hottest topics on the business bookshelf. In "The Complete Guide to Investing in Undervalued Properties," Berges shows yous how to beat rising real-estate prices by identifying sought-after undervalued properties ahead of the pack. Then, he demonstrates how to take control of these properties at very low risk to turn very high profits. You will learn how to: Mine traditional and nontraditional sources for undervalued properties Conduct the all-important property valuation Gain control of undervalued properties using purchase option investing Increase property value instantly Offer the property to a new buyer at a huge profit

Real Estate Investing for Dummies $3.95 "This is simply the best book on the topic." –Randall Bell, Author," Home Owner’s Manual" "Tyson and Griswold have truly opened the world of real estate investing to all by tackling often complex issues in this easy to understand and use book. I can’t think of a better way to get smart about building wealth through rental properties than to read their excellent Real Estate Investing For Dummies " –Vern Hoven, CPA Non-prime time TV is cluttered with infomercials about how you can buy non-prime real estate for next to nothing and get rich quick. Common sense should tell you that’s an exaggeration. (If common sense doesn’t tell you, bankers will.) Nevertheless, it is possible to get rich gradually by investing in real estate. Long term, you can expect to realize an annual return of 8 to 10% a year. "Real Estate Investing for Dummies" gives you the keys to successful real estate investment, whether it’s in single family homes and condos, apartments, vacation homes, commercial properties (office, industrial, and retail), raw land, or REITs (Real Estate Investment Trusts). With guidance from authors Eric Tyson, MBA, a financial counselor, and Robert S. Griswold, a veteran real estate investor, you’ll discover how to: Find and buy the best properties at a fair price Capitalize on opportunities such as foreclosures, no money down deals, auctions, tax sales, and more Secure financing and good mortgage terms Value, evaluate, and negotiate everything to do with real estate Work with agents and other professionals Project income potential and cash flow Handle contracts, inspections, and closings Whether you’re interested in a fixer supper for rental, premier office spaceyou can lease, or a vacation home you can enjoy and rent, when you become a buyer, you also become a landlord. That means you can hear from tenants any time, night or day. It means you may not hear from them when the rent is due. "Real Estate Investing for Dummies" also helps you: Find and keep good tenants Negotiate lease agreements Insure and maintain your property Keep good records for tax and accounting purposes Remember, with any deal, you have to know when to hold them and know when to fold them. So "Real Estate Investing for Dummies" gives you guidelines on when and how to sell and how to reinvest to build wealth. It also lists 10 real estate investments you shouldn’t touch with a 10-foot pole. Especially if you’re tempted by those late-night infomercials, that warning could save you a fortune

Real Estate Investing For Dummies $11.99 This is simply the best book on the topic.” —Randall Bell, Author , Home Owner’s Manual "Tyson and Griswold have truly opened the world of real estate investing to all by tackling often complex issues in this easy to understand and use book. I can’t think of a better way to get smart about building wealth through rental properties than to read their excellent Real Estate Investing For Dummies!" —Vern Hoven, CPA Non-prime time TV is cluttered with infomercials about how you can buy non-prime real estate for next to nothing and get rich quick. Common sense should tell you that’s an exaggeration. (If common sense doesn’t tell you, bankers will.) Nevertheless, it is possible to get rich gradually by investing in real estate. Long term, you can expect to realize an annual return of 8 to 10% a year. Real Estate Investing for Dummies gives you the keys to successful real estate investment, whether it’s in single family homes and condos, apartments, vacation homes, commercial properties (office, industrial, and retail), raw land, or REITs (Real Estate Investment Trusts). With guidance from authors Eric Tyson, MBA, a financial counselor, and Robert S. Griswold, a veteran real estate investor, you’ll discover how to: Find and buy the best properties at a fair price Capitalize on opportunities such as foreclosures, no money down deals, auctions, tax sales, and more Secure financing and good mortgage terms Value, evaluate, and negotiate everything to do with real estate Work with agents and other professionals Project income potential and cash flow Handle contracts, inspections, and closings Whether you’re interested in a fixer supper for rental, premier office space you can lease, or a vacation home you can enjoy and rent, when you become a buyer, you also become a landlord. That means you can hear from tenants any time, night or day. It means you may not hear from them when the rent is due. Real Estate Investing for Dummies also helps you: Find and keep good tenants Negotiate lease agreements Insure and maintain your property Keep good records for tax and accounting purposes Remember, with any deal, you have to know when to hold them and know when to fold them. So Real Estate Investing for Dummies gives you guidelines on when and how to sell and how to reinvest to build wealth. It also lists 10 real estate investments you shouldn’t touch with a 10-foot pole. Especially if you’re tempted by those late-night infomercials, that warning could save you a fortune!

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Intuit Quicken 2011 Rental Property Manager $129.99 413807 Getting started is a breeze: It’s simpler than ever to put Quicken to work for you, so you can reach your financial goals faster. With our Guided Setup, you just answer a few simple questions; we’ll show you how Quicken works, and what to do next. You’ll see your financial picture come quickly into focus. Tracks the performance of your rental properties: Shows a snapshot of your rental property management expenses by property, so you know where your money is going, and where you can cut back. Tracks income and expenses for each property you own. Compare profit and loss from your different rental properties, to see which units are the most profitable. Shows you how to maximize deductions and minimize your taxes: Quicken Rental Property Manager categorizes your personal and rental property expenses for tax purposes. Our tax deduction summary lets you instantly see your tax deduction status throughout the year to help avoid any April 15th surprises. Quicken creates tax reports you can provide to your accountant. You can also easily export your data directly to TurboTax for fast and accurate tax preparation. Creates a Schedule E tax report: Quicken Rental Property Manager generates a Schedule E report for your rental properties. Automatically export the Schedule E data to TurboTax, or print a copy for your accountant. Instantly see who has and hasn’t paid rent this month: In the Rent Center, you can record rent collected, partial payments, and late fees. With just a click, find tenant contact information such as lease terms, security deposits and overall payment history. See where your money’s going: Quicken Rental Property Manager automatically categorizes your personal and home business expenses. Then, Quicken shows you where you’re spending your money, including both business and personal expenses. Check in anytime to see exactly where your personal and business finances are for the week, month or year. Provides comprehensive investing and planning tools: Easily track, analyze, and optimize your investment portfolio. You can see changes in assets, liabilities, and net worth with one click: we show how your investments are performing across all your accounts. Helps you make better buy/sell decisions: We identify your top-performing investments and compare your portfolio to the market, so you can make smart decisions on buying or selling. For example, use Morningstar Ratings to compare mutual funds and see which ones best fit your investment management goals. Create, and stay, on a budget We make it easy to get on, and stay on a budget. Quicken automatically sets up budget goals based on what you’ve spent in the past. You can easily customize your plan, and we’ll track your progress. Categorizes expenses automatically: F

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The Beginner’s Guide to Real Estate Investing $18.99 Start making money today —with the ultimate guide for first-time investors No matter what the market does, real estate stilloffers plenty of moneymaking opportunities. In thisnew edition of The Beginner’s Guide to RealEstate Investing, Gary W. Eldred presents the toolsand knowledge new investors need to get started profitably. Packed with smart moneymakingstrategies and real-life stories from successfulinvestors, this edition also covers the latestinformation on financing, foreclosures, cash flow, and much more. You’ll not only master the basics ofinvesting, but also discover specialized techniques that the pros rely on to grow their long-term wealth. Concise yet comprehensive, this practical guide shows you how to: * Find great deals on properties with big potential * Get started with low- or no-down payment financing * Utilize creative financing options and otherpeople’s money * Buy low-cost foreclosures and REOs * Make value-adding improvements to any property * Craft winning offers and negotiate like a pro * Manage rental properties hassle-free * Flip investment properties for fast profit In addition, Eldred shows you how to tailor yourinvestment strategy to make money almost anywhere, in any type of market. With proven tech-niques, timeless principles, and totally up-to-dateinformation, The Beginner’s Guide to Real EstateInvesting, Second Edition is the perfect place to start building a prosperous future — today.

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